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I think TD is in much stronger position atm than last time.
We can all be reasonably assured he will be issuing warrants. If not for the asset buying then definitely for the debt restructuring. In my view TD showed weakness in giving Arcm an incentive to end court case which may well haunt us In the upcoming refinancing. They will insist on a pound of flesh. IMHO
May not be any RI, could be a simple Equity raise.
Absolutely SK - espeially with TD, he always complicates things
I dont plan to hold long at all here until RI clearer - like me, i am sure you remember after the last refinancing TD did and all those horrible convertible bonds and arbitrage - oh man - lets just hope that TD learnt from that and does this RI smoothly and transparently - the last point is the most crucial in my view and he needs to get that out for all to digest well in advance
I won't mind RI (I believe can be good for PMO). However I will be unhappy with a sweetener (or bribery) in form of a lot of warrants to creditors....
food for thought???
A lot of pressure to keep VWAP around 45p.....
Currently is @45.4 .....keeeep an eye on it.
VWAP currently = 44.94
SP is up and VWAP is down....
Correct. It's why the SP is being walked down. I've said circa 40p is where they'll conduct the raise. Watch it get held here for a little while then see the announcement.
Once the RI or OO is announced this will fly. I hope we get the chance to participate, fill me boots.
Enquest did the Same when they announced the Magnus deal, the SP rallied hard
the point is that vwap will be used to calculate the RI price. I would expected to be between 40-39p. vwap - 10 to 15%.
or 25% of the highs.
all in my opinion.
Its falling down for past 2 weeks now
And your point is?
This is PMO.
The most shorted and manipulated stock in the UK.
Drowning in debt.
Add covid fears.
We've seen it can rise phoenix like but not this week. Not here. Takeover? Fingers crossed.
its 44.14p now and keep going down and down every day
45.16 so far....